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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Macatawa Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.
Macatawa Bank's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Macatawa Bank is progressively becoming more dependent on debt to grow their business.
The historical data trend for Macatawa Bank's LT-Debt-to-Total-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macatawa Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (A: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 ) | / | Total Assets (A: Dec. 2023 ) |
= | 30 | / | 2748.699 | |
= | 0.01 |
Macatawa Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 30 | / | 2748.699 | |
= | 0.01 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macatawa Bank (NAS:MCBC) LT-Debt-to-Total-Asset Explanation
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Thank you for viewing the detailed overview of Macatawa Bank's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas P Rosenbach | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Nicole S Dandridge | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Timothy J. Doyle | officer: Chief Commercial Banking Ofcr. | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Robert L Herr | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Charles A. Geenen | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Jill A Walcott | officer: Senior V.P. Retail Banking | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Matthew D Hoeksema | officer: Senior Vice President | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Mark Bugge | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Le Roy Michael K. | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Ronald L Haan | director, officer: CEO and President | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Richard L Postma | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
White Bay Capital, Lllp | 10 percent owner | 3133 ORCHARD VISTA DRIVE, GRAND RAPIDS MI 49546 |
Wayne J. Elhart | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Arend D Lubbers | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
Douglas B Padnos | director | 10753 MACATAWA DRIVE, HOLLAND MI 49424 |
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